this post was submitted on 16 Jul 2023
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Abolishing IP simply means the deepest pocket steals the market for everything. If you don't think Amazon can out produce and market your minuscule budget, you're insane.
In reality it doesn't work out that way though. What actually happens is that the deepest pockets are the ones who can patent everything under the sun, and who can buy out all the poor copyright holders at bargain prices.
In theory it can work, if there are sufficient regulations on what can be patented, and anti-trust policies. But again, in reality the holders of capital rewrite the laws in their favor because money is liquid and industries are porous.
These sorts of laws favor the wealthy, at least in practice.